The Tianjin bitcoin diggers steal electricity from the police

category:Internet
 The Tianjin bitcoin diggers steal electricity from the police


The report did not reveal when the police seized the equipment. China was the worlds leading encrypt currency mining area, and in order to stop these activities, the Chinese government began to kill bitcoin and other encrypted currencies in a large scale last year. It is unclear how many of the mining operations are overseas or closed. In January, the Reuters reported that the Central Bank of China said to the governments top Internet financial institutions that they could ask local governments to regulate the use of bitcoin diggers and gradually reduce the scale of mining. Miners use large power computers to acquire a lot of computing power to create encrypted currencies, and the production of such currencies is achieved by solving mathematical formulas. Such behaviour is also very electricity consuming, so the miners need to find locations where cheap electricity can be obtained. At present, Tianjin police detained 1 people and investigated another 5 people. (Mu Xiulin)